Ford to buy electric scooter startup Spin
Ford Motor stated it will join the rising micro-mobility movement with the acquisition of 2-year-old Spin, an electric scooter rental firm from San Francisco. Ford is one of the first to enter the sector. The automaker will invest about $200 million in Spin. The purchase price is lowered by investments in Lime and Bird, the
- Published in Ford
NHTSA investigates 1.7 million General Motors SUVs over wiper failures
National Highway Traffic Safety Administration (NHTSA) stated it was investigating if General Motors should recall another 1.7 million sport utility vehicles because of an issue with windshield wiper failures. GM, the largest U.S. automaker, had earlier recalled 367,800 2013 GMC Terrain and Chevrolet Equinox SUVs in the United States in August 2016 to address the
- Published in General Motors
U.S. ends safety investigation into almost 50,000 U.S. Ford police vehicles
The National Highway Traffic Safety Administration is ending an investigation into almost 50,000 Ford Motor Explorer Police Interceptor vehicles regarding the reports of sudden brake failures, it stated on Tuesday, without seeking a recall. The investigation, started in April 2015, was prompted by reported incidents of front brake hose failure in 2015 Ford Explorer Police
- Published in Ford
Ford goes local in India, looks for bigger share of competitive market
Ford Motor made a profit in India for the first time in ten years in the last fiscal year, indicating that a strategy conceived two years earlier by the U.S. automaker for one of the world’s most competitive car markets is beginning to show some success. Under an initiative named the Emerging Market Operating Model
- Published in Ford
Fiat Chrysler reconsiders Mexico for making more Ram trucks
With a strategy of loading up its renovated Ram 1500 full-size trucks with new functions – ranging from 12-inch touch screens on the dashboard to big battery packs and electric motors to help adjust speed and gears and conserve fuel – the automaker is investing on a sustained surge in demand. Thus Chief Executive Mike
General Motors CEO expects Tesla to be around in another 10 years
General Motors’s CEO Mary Barra stated on Thursday she expects electric automaker Tesla Inc to be around in the next 10 years, regardless of Tesla’s troubles with turning around its operations. It is “highly possible” GM would be rivaling against Tesla over the next decade, Barra stated at the DealBook conference in New York when
- Published in General Motors, Tesla
Volkswagen and Ford in talks about self-driving and electric vehicles
Volkswagen and Ford Motor are in talks to jointly develop self-driving and electric automobiles in a far-reaching strategic alliance supposed to save the companies billions of dollars, according to a person knowledgeable with the matter. The German and U.S. automakers are expected to give an update on the progress of the discussions before year end,
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Ford Motor and Baidu to launch self-driving road tests in China
Ford Motor and Baidu Inc started a two-year project on Wednesday to test self-driving automobiles on Chinese roads, in middle of a global race by automakers and internet firms to develop autonomous vehicle technology. The project will begin testing on designated roads in Beijing by the end of this year, and possibly other Chinese areas,
General Motors favors fuel-efficiency rules based on historic rates
General Motors supports an yearly increase in fuel-efficiency standards based on “historic rates” instead of tough Obama era rules or a Trump administration proposal that would freeze requirements, as per a federal filing made public on Monday. The largest U.S. automaker stated the Obama rules that aimed to increase fleetwide fuel efficiency to over 50
- Published in General Motors
U.S. autos rise on report China proposes cutting car purchase tax
Shares of U.S. automakers increased on Monday following a report that China was thinking about halving its car purchase tax to 5 percent to back its struggling auto industry, which has been hit hard by the Sino-U.S. trade war. Shares of General Motors, the No.1 U.S. automaker by sales, boosted as much as 5 percent
- Published in American
Baillie Gifford wants to invest more in Tesla
Baillie Gifford & Co, one of the leading shareholders of Tesla Inc, has stated it would be willing to invest more money into the electric automaker, the Times reported on Monday. “If he (Tesla CEO Elon Musk) needs more capital we would be willing to back him,” stated Nick Thomas, a partner at Edinburgh-based Baillie
- Published in Tesla
Daimler doesn’t rule out cooperating with Tesla in future
Daimler AG does not rule out collaborating with Tesla Inc in future even though the the German automaker sold its stake in the U.S. electric vehicles company, Daimler’s chief executive Dieter Zetsche told a Polish newspaper. Dieter Zetsche informed the daily Rzeczpospolita that after selling the Tesla shares he “never regretted it. This does not
- Published in Tesla
Fiat Chrysler reconsiders Mexico for making more Ram trucks
With a plan to load up its renovated Ram 1500 full-size trucks with new features – varying from 12-inch touch screens on the dashboard to large battery packs and electric motors to support adjusting speed and gears and conserve fuel – the automaker is banking on a sustained rise in demand. So Chief Executive Mike
Tesla has not received subpoena on Model 3 production, says company
Tesla Inc has not received a U.S. subpoena related to its Model 3 production forecasts, the electric automaker stated on Friday, after a report that it dealt with a deepening criminal investigation about the projections. The company has cooperated in replying to what it called a “voluntary request” for documents from the Department of Justice
- Published in Tesla
General Motors wants Trump administration to support national electric vehicle program
General Motors stated on Friday it wants the Trump administration to support a nationwide program to increase the sale of zero emission vehicles such as electric cars, even as the government has proposed ending California’s ability to need more clean vehicles. GM states a nationwide program modeled on California’s effort could bring 7 million electric
- Published in General Motors